IMPORTANCE OF FINANCIAL MANAGEMENT IN DECISION MAKING

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Emphasizing the significance of financial statement analysis and business diagnostics, this research highlights how informed decision-making in financial management can enhance organizational performance. Many companies neglect strategic planning due to external pressures, which hampers their ability to forecast and optimize operations. By employing financial tools for timely analysis and interpretation, businesses can improve service efficiency and profitability. Ultimately, the quality of decisions hinges on the accuracy and relevance of the information available to management.